JATT ACQUISITION CORP Report of Independent Registered Public Accounting Firm F-2 Balance Sheet as of

JATT ACQUISITION CORP

REPORT OF INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors of

JATT Acquisition Corp

Opinion on the Financial Statement

We have audited the accompanying balance sheet

of JATT Acquisition Corp (the "Company") as of July 16, 2021, and the related notes (collectively referred to as the "financial

statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company

as of July 16, 2021, in conformity with accounting principles generally accepted in the United States of America.

This financial statement is the responsibility

of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are

a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required

to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations

of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the

standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial

statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to

perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of

internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal

control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess

the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to

those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement.

Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating

the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.

We have served as the Company's auditor since 2021.

JATT ACQUISITION CORP

The accompanying notes

are an integral part of the financial statement.

NOTE 1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND LIQUIDITY

JATT Acquisition Corp (the "Company")

is a blank check company incorporated as a Cayman Islands exempted company on March 10, 2021. The Company was incorporated for the

purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with

one or more businesses that the Company has not yet identified ("Business Combination").

As of July 16, 2021, the Company had not yet commenced

operations. All activity for the period from March 10, 2021 (inception) through July 16, 2021 relates to the Company's formation

and the initial public offering (the "Initial Public Offering"), which is described below. The Company will not generate

any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating

income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected December 31

as its fiscal year end.

The Company's sponsor

is JATT Ventures, L.P., a Cayman Islands exempted limited partnership (the "Sponsor"). The registration statement for

the Company's Initial Public Offering was declared effective on July 13, 2021. On July 16, 2021, the Company consummated its Initial

Public Offering of 12,000,000 units (the "Units" and, with respect to the Class A ordinary shares included in the

Units being offered, the "Public Shares"), at $10.00 per Unit, generating gross proceeds of $120.0 million, and incurring

offering costs of approximately $5.8 million (net of reimbursement from underwriter of $480,000), of which approximately $3.4 million

and approximately $331,000 was for deferred underwriting commissions (see Note 6) and offering costs allocated to derivate warrant

liabilities, respectively. On July 19, 2021, the underwriters fully exercised their option and purchased 1,800,000 additional Units, generating

gross proceeds of $18.0 million (the "Over-Allotment"), and incurring offering costs of $990,000, of which $630,000 was

for deferred underwriting commissions.

Simultaneously with the

closing of the Initial Public Offering, the Company consummated the private placement ("Private Placement") of 5,370,000

warrants (each, a "Private Placement Warrant" and collectively, the "Private Placement Warrants"), at a price

of $1.00 per Private Placement Warrant to the Sponsor, generating proceeds of approximately $5.4 million (see Note 4). Concurrent

with the consummation of the Over-Allotment on July 19, 2021, the Sponsor purchased 540,000 additional Private Placement Warrants, generating

proceeds of $540,000 (the "Second Private Placement").

Upon the closing of the Initial Public Offering

and the Private Placement on July 16, 2021, $121.2 million ($10.10 per Unit) of the net proceeds of the Initial Public Offering

and the Private Placement was placed in a trust account ("Trust Account") with Continental Stock Transfer &

Trust Company acting as trustee and invested in United States "government securities" within the meaning of Section 2(a)(16)

of the Investment Company Act having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated

under Investment Company Act of 1940, as amended, (the "Investment Company Act"), which invest only in direct U.S. government

treasury obligations, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the

distribution of the Trust Account as described below. In addition, on July 16, 2021, the Sponsor made a payment of $540,000 to the Trust

Account representing its payment for the additional 540,000 Private Placement Warrants which was consummated on July 19, 2021. Upon the

closing of the Over-Allotment on July 19, 2021, a total of approximately $139.4 million ($10.10 per Unit) of the net proceeds of

the Initial Public Offering, the Over-Allotment and the Second Private Placement were placed in the Trust Account.

The Company's management has broad discretion

with respect to the specific application of the net proceeds of its Initial Public Offering and the sale of Private Placement Warrants,

although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The Company's

initial Business Combination must be with one or more operating businesses or assets with a fair market value equal to at least 80% of

the net assets held in the Trust Account (excluding any deferred underwriters fees and taxes payable on the income earned on the Trust

Account) at the time the Company signs a definitive agreement in connection with the initial Business Combination. However, the Company

will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting

securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as

an investment company under the Investment Company Act.

The Company will provide its holders of the

Public Shares (the "Public Shareholders") with the opportunity to redeem all or a portion of their Public Shares upon

the completion of a Business Combination either (i) in connection with a general meeting called to approve the Business

Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a

Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will

be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially at $10.10 per

share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay

its tax obligations). The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not be

reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). These

Public Shares were recorded at a redemption value and classified as temporary equity in accordance with Financial Accounting

Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 480 "Distinguishing

Liabilities from Equity." In such case, the Company will proceed with a Business Combination if the Company has net tangible

assets of at least $5,000,001 upon such consummation of a Business Combination and a majority of the shares voted are voted in favor

of the Business Combination. If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote

for business or other legal reasons, the Company will, pursuant to the amended and restated memorandum and articles of association

which were adopted by the Company upon the consummation of the Initial Public Offering (the "amended and restated memorandum

and articles of association"), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and

Exchange Commission (the "SEC"), and file tender offer documents with the SEC prior to completing a Business

Combination. If, however, a shareholder approval of the transactions is required by law, or the Company decides to obtain

shareholder approval for business or legal reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation

pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each Public Shareholder may elect to